Bills › 2007–08 › SB 6317
BILL · 2007–08 SESSION · LATEST VERSION SSB 6317
SB 6317: Death benefits
Requiring the payment of interest upon failure to pay death benefits that are payable under the terms of a group life insurance policy.
Summary
Requires insurers to pay the proceeds of any benefits under a policy of group life insurance within 30 days of receiving satisfactory proof of the insured's death. Requires insurers to pay interest on the proceeds if they are not paid within the 30-day period.
From the Substitute House Bill Report (SSB 6317), written by the Legislature's nonpartisan staff. Read the full report ↗
Enacted Enacted · Chapter 310, Laws of 2008
IntroducedJan 15, 2008
Out of committeeFeb 6, 2008
Passed SenateFeb 16, 2008
Passed HouseMar 7, 2008
GovernorApr 1, 2008
LawApr 1, 2008
Introduced January 15, 2008 in the Senate
Last action April 1, 2008
Session law Chapter 310, Laws of 2008
Versions SB 6317, SSB 6317
Sponsors (2)
Votes (2)
History (24)
Official bill page & text ↗
AN ACT Relating to the payment of interest upon failure to pay death benefits that are payable under the terms of a group life insurance policy;
Votes
Senate · 3rd Reading & Final Passage
Passed February 16, 2008
Version voted on: SSB 6317
48 Yea
0 Nay
0 Absent
1 Excused
Party Yea Nay Absent Excused
Democrat 31 0 0 1
Republican 17 0 0 0
How each member voted
House · Final Passage
Passed March 7, 2008
Version voted on: SSB 6317
94 Yea
0 Nay
0 Absent
4 Excused
Party Yea Nay Absent Excused
Democrat 62 0 0 1
Republican 32 0 0 3
How each member voted
History
Apr 1, 2008 Effective date 6/12/2008. (SSB 6317)
Apr 1, 2008 Chapter 310, 2008 Laws. (SSB 6317)
Apr 1, 2008 Governor signed. (SSB 6317)
Mar 12, 2008 Delivered to Governor. (SSB 6317)
Mar 12, 2008 Speaker signed. (SSB 6317)
Mar 10, 2008 President signed. (SSB 6317)
Mar 7, 2008 Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4. (SSB 6317)
Mar 7, 2008 Rules suspended. Placed on Third Reading. (SSB 6317)
Mar 6, 2008 Rules Committee relieved of further consideration. Placed on second reading. (SSB 6317)
Feb 28, 2008 Passed to Rules Committee for second reading. (SSB 6317)
Feb 26, 2008 IFCP - Executive action taken by committee. (SSB 6317)
Feb 26, 2008 IFCP - Majority; do pass. (SSB 6317)
Feb 19, 2008 First reading, referred to Insurance, Financial Services & Consumer Protection. (SSB 6317)
Feb 16, 2008 Third reading, passed; yeas, 48; nays, 0; absent, 0; excused, 1. (SSB 6317)
Feb 16, 2008 Rules suspended. Placed on Third Reading. (SSB 6317)
Feb 16, 2008 1st substitute bill substituted. (SSB 6317)
Feb 16, 2008 Placed on second reading by Rules Committee. (SSB 6317)
Feb 16, 2008 Placed on second reading by Rules Committee.
Feb 16, 2008 1st substitute bill substituted.
Feb 6, 2008 Passed to Rules Committee for second reading. (SSB 6317)
Feb 6, 2008 FI - Majority; 1st substitute bill be substituted, do pass. (SSB 6317)
Feb 6, 2008 FI - Majority; 1st substitute bill be substituted, do pass.
Feb 6, 2008 Passed to Rules Committee for second reading.
Jan 15, 2008 First reading, referred to Financial Institutions & Insurance.
SB 6317 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
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